This site, like many others, uses small files called cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website (Cookie Policy). However, if you would like to, you can change your cookie settings at any time.

News in brief

2008-08-07T00:00:00+01:00

Workers’ claims reduce

The decline in claim frequency for workers’ compensation injuries continued in 2007, but the scale is much smaller than

in the previous two years, said NCCI Holdings, a specialist in workers’ compensation. The claims frequency dropped by 2.5% last year, a more modest improvement than the 7% drop in the two previous years, said the annual study by NCCI.

RSA settles asbestos suit

RSA has settled a legal dispute with US car manufacturer General Motors following a four-year battle over asbestos claims. The insurer said the undisclosed settlement would have no effect on its earnings.

Kwik-Fit offshoot grows

The Green Insurance Company, a Kwik-Fit Insurance subsidiary, has grown rapidly in its first

year of trading. The Uddingston-based intermediary, which was launched last August, now has more than 12,000 motor insurance customers on its books.

Ace extends Irish D&O cover

Ace Europe has announced an extension to one of its directors’ and officers’ (D&O) policies as a result of increased exposures faced by Irish companies, their directors and senior managers. The Irish firms face new regulations under the Safety, Health and Welfare at Work Act 2005.

Amlin buys fleet renewals

Amlin has acquired the renewal rights to HCC Underwriting Agency's fleet business. Amlin’s Syndicate 2001 has acquired for cash the renewal rights to approximately £20m of general commercial motor fleet insurance. The sale price was not disclosed.

The business will be integrated into Amlin Insurance Services, the UK commercial division of the Amlin Group.

Ball joins Arista schemes

Commercial lines underwriting operation Arista Insurance has appointed Andrew Ball schemes manager, as the company boosts the number of schemes it underwrites. Ball was previously commercial schemes trading manager at Norwich Union. He will report to head of schemes Simon Henderson.

Related articles

GWP: £3.9bn Management Group chief executive Stephen Hester’s future at RSA is now in question after rival insurer Zurich’s £5.6bn bid to buy RSA collapsed. Zurich blamed problems in its own business, rather than anything untoward it found in RSA’s, for its withdrawal from the deal. But ...

GWP: £3.3bn Management Current ABI chairman Paul Evans continues to run the AXA UK group, which comprises AXA’s non-life, life and health business. From 1 January 2016, the UK general insurance business will be run entirely by Amanda Blanc after she takes over the only remaining ...

GWP: £3.1bn Management The top team of chief executive Paul Geddes and chief financial officer John Reizenstein continue to lead the UK’s biggest personal lines insurer. If the company’s performance on the stock market since its 2012 flotation is anything to go by, the pair and their ...